31.03.06.02

.02 Maryland Surplus Lines Brokers' Licenses.

Before placing any surplus line or otherwise acting as a surplus lines broker, where Maryland is the Home State of the insured, it will be the responsibility of each individual so acting to acquire a valid Maryland surplus lines brokerís certificate of qualification. The broker will be held responsible for securing timely renewals of the brokerís certification of qualification in order to place new business and provide a continuity of service to clients for whom the broker has previously acted. Each original surplus lines brokerís certificate of qualification shall be issued for a term expiring every other year on the date stated on the certificate of qualification and may be renewed biennially thereafter.